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Discipline and Forex Trading

Od Dictiony Apr 28, 2020 at 04:06

Discipline and patience are essential when trading Forex. Many traders make the mistake of trying to "time the market" and end up losing money in the process. A disciplined trader will stick to a plan, regardless of the market conditions. This is essential for long-term success in Forex trading.

46 Replies 2,732 Shlédnuto

Poslední příspěvek od miguelcaron Jan 19, 2022 at 06:30

Having a mentor

Od Michihito Dec 06, 2020 at 08:09

A mentor in any field is beneficial. However, finding a mentor who is reliable is vital. It's not a difficult to locate the perfect mentor for particular individual.

26 Replies 1,510 Shlédnuto

Poslední příspěvek od Akasuki Jan 16, 2022 at 10:34

Scalping is good

Od UweMoench Dec 06, 2020 at 08:09

Scalping is good, but this is one of the things that requires serious skill. Traders need to be well acquainted with the market and have a solid strategy to be able to make consistent profit by scalping.

55 Replies 3,819 Shlédnuto

Poslední příspěvek od sharabela Jan 15, 2022 at 16:44

What should be the risk percentage?

Od Michihito Jan 12, 2021 at 12:41

If I could predict 100%, I wouldn't risk more than 2%.

20 Replies 1,898 Shlédnuto

Poslední příspěvek od AliaDare Jan 15, 2022 at 02:06

When loss occurs

Od Michihito Mar 23, 2021 at 13:37

You shouldn't perceive losses as something bad. Losses is a part of trading activity and every trader understands that losses play major role in the development of traders. They teach them a lot, they bring them experience which boost their development and help them to get their objectives. As far as I concerned, not all traders can perceive lo...

58 Replies 2,993 Shlédnuto

Poslední příspěvek od LucasRogers Jan 14, 2022 at 15:12

How long it takes to learn

Od Michihito Nov 27, 2020 at 06:17

It depends solely on your skills and abilities to learn. There are some people who can't learn at all, they're made to learn something but it's just for nothing, they anyway would never remember something. However, there are those ones who learn a lot and they remember a lot. They are able to perceive new information and absorb it like ...

98 Replies 5,249 Shlédnuto

Poslední příspěvek od Ishndwyn Jan 14, 2022 at 14:34

account retrieval

Od cynthialohr Jan 14, 2022 at 00:18

The story really seems to me strange, however it's just a lesson that people should never click on dubious links, because it may easly lead to the same consequences of even worse. Of course, sometimes we have to click on some dubious links, because for example the letter which we got is considered to be pretty significant for us. However, if yo...

1 Replies 518 Shlédnuto

Poslední příspěvek od Anayalmeena Jan 14, 2022 at 14:28

Fundamental Analysis in Forex

Od zhsy Jan 13, 2022 at 09:39

Fundamental analysis is a very powerful tool for the market analysis but this tool is very difficult to use. A trader needs to acquire lots of skills and knowledge in order to be able to analyze the economic events properly and come to the right conclusions. Surely, apart from it, you need to have quite a rich experience in analyzing the market if ...

1 Replies 675 Shlédnuto

Poslední příspěvek od Carnopp Jan 13, 2022 at 20:37

Greed is dangerous

Od UweMoench Sep 25, 2020 at 11:57

It's a tough emotion to shake off

27 Replies 1,629 Shlédnuto

Poslední příspěvek od Treeny Jan 11, 2022 at 19:17

Successful trading

Od Imamul Feb 28, 2019 at 13:26

You need to be well-educated about trading, have a good trading plan, practice risk management, etc. AND have an account with a reliable broker with decent costs in order to truly be successful. Without one or the other, you're bound to fail.

99 Replies 5,498 Shlédnuto

Poslední příspěvek od HeavLeighGill26 Jan 10, 2022 at 15:31

Beginners Greed

Od Roberto21 Sep 19, 2019 at 10:26

Sometimes beginners with some learning is better than with no learning. Beginner with some learning think they are expert and will not only lose their money but go on forums and tell everyone their bad ideas

107 Replies 5,905 Shlédnuto

Poslední příspěvek od windpower Jan 10, 2022 at 14:22

METHOD OR DISCIPLINE?

Od Kevin1628 Oct 24, 2021 at 08:20

Both are significant and they contribute to your trading results equally much. That is why there should be no differentiation between which side to move. You need to be knowledgable and self-disciplined at the same time, otherwise, your trading will be unpredictable and there will be lots of losses which are sure to kill your trading account.

32 Replies 1,977 Shlédnuto

Poslední příspěvek od Dunaud Jan 07, 2022 at 19:37

New Trader

Od djstick Jan 25, 2021 at 23:05

If you are new to trading, you'd better not start with trading bots and algotrading. You shouldn't have the illusions that trading bots are able to become the source of passive income, They should always be controlled because of the fact that they can ruin your budget very easily and fast. More than that, there is no perfect trading bots in...

48 Replies 3,003 Shlédnuto

Poslední příspěvek od Fredriksen Jan 07, 2022 at 19:22

New and undisciplined traders

Od UweMoench Jan 10, 2021 at 16:52

There can be lots of mistakes in the very approach to trading of the beginner. I do totally agree with the statement that high expectations may ruin your budget quite easily and fast. That is why before coming to forex everyone should understand that they need to work really hard to achieve success, otherwise, they will definetely and inevitably fa...

32 Replies 2,097 Shlédnuto

Poslední příspěvek od Bobolyis Jan 07, 2022 at 19:02

Really? Long term is worth the wait?

Od SophieB Jul 07, 2017 at 06:17

Whether it’s trading or investing, financial markets are always very uncertain and you can never truly predict whether holding on a trade will be worth it or not. However, if you plan to employ long term strategy in your trading then it’s a good idea to fundamentally analyse the pairs and the underlying economies thoroughly.

73 Replies 4,327 Shlédnuto

Poslední příspěvek od kroxobor Jan 06, 2022 at 05:17

Strategy Survey

Od Osikemhekhai Oct 16, 2021 at 11:19

No strategy is ever 100% accurate or perfect. The quicker you can accept this reality of trading, the quicker you will start to see the results.

3 Replies 495 Shlédnuto

Poslední příspěvek od LyudmilLukanov Jan 04, 2022 at 07:04

Most traders are impatient

Od Michihito Dec 27, 2020 at 09:26

Most traders are impatient and want to see results immediately. They get discouraged when they do not see the profits they expect and give up too soon. Successful traders have the patience to wait for the right opportunity and to take advantage of it when it arises.

28 Replies 2,134 Shlédnuto

Poslední příspěvek od shortant Dec 31, 2021 at 05:17

Spreads

Od tradingjules Mar 03, 2021 at 02:42

I always choose a broker according to its spread. Too high spreads, as well as too low are suspicious for me. Trading principles are not so important.

19 Replies 1,459 Shlédnuto

Poslední příspěvek od Akasuki Dec 31, 2021 at 02:16

To be a gainer

Od UweMoench Dec 21, 2020 at 12:12

Only those people who have learned and practice well in forex would be able to make good profit in forex. Others would just try to earn by luck and would usually have more losses than profit.

17 Replies 1,097 Shlédnuto

Poslední příspěvek od Akasuki Dec 30, 2021 at 08:21

Over trading is a bad habit

Od UweMoench Jan 03, 2021 at 07:19

Among all the bad habits, over-trading can be very costly for a trader. There’s this general assumption that the more you trade, the more chances you have to make profits. Sadly, it is often ignored that winning is never guaranteed and it’s possible that the majority of your trades can go wrong. The best is to not take unnecessary trade...

24 Replies 1,953 Shlédnuto

Poslední příspěvek od pipham Dec 30, 2021 at 04:39

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